UK time is: 12:13:07
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

RUFC - Millers still in the red?

Rotherham United's ex director, Giles Brearley wants to clear up a statement from Millers Chairman, Tony Stewart that says when he took over the club there was a 1.2m deficit.

Mr Stewart quoted the 1.2m figure at a fans forum a few weeks ago but Mr Brearley wants to put the record straight and told The Advertiser, 'When Tony called to see me I asked him where that figure had come from. He said it was from the statement of affairs by the Administrator, Jeremy Bleazard.

'Well, myself and the former directors, Denis Coleman, Dave Costin and Gary Hall, would like to put the record straight. Tony was correct in that 1.2m was the final figure that came up but it also includes monies owed to his syndicate that were injected, all the legal fees which is a six figure sum and a claim from landlords, CF Booth Group, over the lease on Millmoor and the training ground at Hooton Lodge. In real terms the trading deficit that Tony should have quoted was about a third of the 1.2m.'

Mr Brearley also refuted the Chairman's 'we are back in the black' comment. 'In essence it refers to a business plan that puts the club back into profit in three to four years. We had one of those as well and we hunted and hunted for two years for a financial backer and our regret is that they didn't come forward to take over when we approached them the first time.

'The club is still losing money at present but hopefully it will work its way back into the black - given time, and a fair wind, it can happen. I wish Tony and his backers well with the club.'




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Herringthorpe  Mail feedback, articles or suggestions

Date:Friday October 31 2008

Time: 8:34AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Rotherham United Articles

RUFC - Evans 'It's Simply Pathetic' (Friday December 19 2014)

RUFC - Head-to-Head v Wigan (Thursday December 18 2014)

RUFC - Reece Would Consider Staying On (Wednesday December 17 2014)

RUFC - Ref Watch v Wigan (Wednesday December 17 2014)

RUFC - FA Youth Game This Evening (Tuesday December 16 2014)

Archived Rotherham United Articles

List All Vital Rotherham Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. herringthorpe 747
2. rybel_b 717
3. sixpence 248
4. mos60 33
5. Millie Miller 25
6. nearlyataff 19
7. miller4life 17
8. mvmiller 15
9. axholme 14
10. nogginthenog 7

League Results (view all)

League Table (view table)

Team P W D L GD Pts
18. Leeds Utd 21 6 5 10 -7 23
19. Millwall 21 5 8 8 -8 23
20. Bolton 20 6 4 10 -6 22
21. Rotherham 21 4 9 8 -10 21
22. Brighton 21 3 9 9 -8 18
23. Wigan 21 3 8 10 -7 17
24. Blackpool 20 2 6 12 -17 12

Breaking League News

Rochdale v Forest FA Cup 3rd Round Tickets!
Forest : 19/12/2014 11:47:00
The 12th Man - Jingle Bells To That
Wigan : 19/12/2014 11:34:00
Rate The Ref: Blackpool away
Bournemouth : 19/12/2014 11:33:00
Howe: We have a difficult festive campaign
Bournemouth : 19/12/2014 11:04:00
Francis: Blackpool away is a banana skin
Bournemouth : 19/12/2014 10:58:00

Current Site Poll (view all polls)

Will you be going to the FA Cup game against Bournemouth?
Suggested By:  
Yes 46%
No 50%
Not Decided 4%